AMM.com Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5


CMC announces offering, tender

Keywords: Tags  CMC, steel


NEW YORK — Commercial Metals Co. (CMC) intends to offer $300 million of senior notes in an underwritten public offering, the Irving, Texas-based steelmaker said May 6.

CMC said it will use the net proceeds from the offering to fund the repurchase of any and all of the $200 million outstanding of its 5.625-percent senior notes due 2013. The cash tender offer for the notes will expire June 3, it said.

The steelmaker said it intends to use the remainder of the net proceeds from the offering for general corporate purposes.


Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.



Latest Pricing Trends

AMM Events